Insider Selling: Vertiv Holdings Co (NYSE:VRT) EVP Sells 43,683 Shares of Stock

Vertiv Holdings Co (NYSE:VRT - Get Free Report) EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Vertiv Stock Up 2.9%

Shares of VRT traded up $3.25 during midday trading on Friday, hitting $115.47. The company had a trading volume of 5,366,591 shares, compared to its average volume of 8,774,694. The company's 50-day simple moving average is $89.18 and its 200-day simple moving average is $105.04. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market capitalization of $44.01 billion, a P/E ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on VRT shares. JPMorgan Chase & Co. raised their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Citigroup cut their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $122.38.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. Amundi lifted its stake in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after purchasing an additional 3,420,144 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the fourth quarter worth approximately $597,379,000. Finally, Wellington Management Group LLP lifted its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Company Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

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